Grab Goes to Myanmar

Grab is entering a new Southeast Asian country with its first venture into Myanmar.

Ride hailing firm Grab, the main South-East Asian rival of Uber Technologies Inc, launched services in Myanmar on Tuesday, expanding operations to a seventh country in the region.

Grab was working with a small group of taxi drivers in a trial in Yangon, the biggest city, and would scale up gradually, the company said in a statement. Grab is already operating in Singapore, Indonesia, Philippines, Malaysia, Thailand and Vietnam.

The expansion into Myanmar comes as authorities there are trying to improve its public transport system, having for the first time introduced regular bus lines, timetables and salaries for drivers.

¬†Rival Uber Technologies Inc. is currently unavailable in Yangon. The company however announced that it was also looking to enter the market shortly. In a separate statement the same day, the company indicated that it was “very pleased with the progress we have made toward a partnership with the government in Yangon and look forward to introducing our ridesharing technology in the country very soon.”
(Source: Reuters)